Probably to give their initial investors a set price prior to listing. Allows for the possibility of an instant gain on listing.
There is the possibility that the fund has been set up to deal with an over subscription & the ability to take up any further tranches of shares issued or buy on the asx?
General discussion, page-10143
-
- There are more pages in this discussion • 10,018 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)